Optical Cable Corporation (OCC) Draws Bullish Attention After Forming Double Top

September 8, 2018 - By Pearl Odom

Optical Cable Corporation (NASDAQ:OCC) Logo

The chart of Optical Cable Corporation (OCC) shows a double top with $3.99 target or 3.00 % above today’s $3.87 share price. The 6 months chart pattern indicates low risk for the $29.79M company. It was reported on Sep, 8 by Finviz.com. If the $3.99 price target is reached, the company will be worth $893,640 more. Double tops are rare but powerful chart patterns.

The stock decreased 3.12% or $0.1245 during the last trading session, reaching $3.8705. About 58,939 shares traded or 74.10% up from the average. Optical Cable Corporation (NASDAQ:OCC) has risen 12.50% since September 8, 2017 and is uptrending. It has underperformed by 0.07% the S&P500.

Optical Cable Corporation, together with its subsidiaries, makes and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company has market cap of $29.79 million. The firm provides fiber optic cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair. It has a 276.46 P/E ratio. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories.

Optical Cable Corporation (NASDAQ:OCC) Institutional Positions Chart

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